The Wallace Insurance Agency

Non-Owned and Hired Auto Liability Coverage 

Understanding Non-Owned and Hired Auto Liability Coverage: A Comprehensive Guide.

Non-Owned and Hired Auto Liability Coverage is an insurance policy that provides protection for individuals or businesses in the event of an accident involving vehicles that are not owned by them. This type of coverage is important because it fills the gaps in liability protection that may exist when using vehicles other than your own. For example, if an employee of a company is involved in a car accident while running errands for the business using a rented vehicle, Non-Owned and Hired Auto Liability Coverage would provide financial protection for the company in case the employee is found liable for damages or injuries caused by the accident. Similarly, if an individual rents a car for personal use and is involved in an accident, this type of coverage would protect that individual in case they are deemed responsible for any damages or injuries resulting from the accident. It is crucial to understand that Non-Owned and Hired Auto Liability Coverage is not a substitute for personal auto insurance or commercial auto insurance. Instead, it offers additional protection and acts as a secondary coverage. In summary, this coverage is essential for both businesses and individuals who frequently use vehicles they do not own. It ensures that they have the necessary financial protection in case an accident occurs, preventing potential financial losses that could have a significant impact on their financial well-being.

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